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One economist, David Levy of the Jerome Levy Forecasting Center, warned this week that the United States was in a period of "contained depression," a transitional stage of debt reduction and asset deflation that will last "at least several years and perhaps a decade".
After being altered to again require passage of a Balanced Budget Amendment before the second stage of debt limit increases, it passed the House 218 210, with 22 Republicans opposing the bill.
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The banking laws introduced at the beginning of the month were intended to buy time while the second stage of the debt-rescheduling plan is completed.
To some experts, this latest chapter in the long-running Greek drama is another reminder of how private investors have outmaneuvered European officials at various stages of the debt crisis.
The latest chapter in the Greek fiscal drama is a new reminder of how private investors have managed to outmaneuver Europe's officials at various stages of the debt crisis.
It turns out that in the final stages of the debt negotiations, Republicans suddenly added a new demand — a trigger that would end up eliminating the individual mandate in health care reform.
After several weeks of interest rates on government bonds falling for Italy, Spain, and Portugal, rates are rising again, signaling a new stage of the sovereign debt crisis.
Most of us, however, are in debt at some stage of our lives.
Most people are in debt at some stage of their lives; indeed the life-cycle theory of consumption states that it is virtually inevitable.
Household debt is still high by historical standards, but the ratio of debt to G.D.P. is way down from its peak, setting the stage for stronger consumer demand looking forward.
Instead, early stage companies that are financed by equity or mezzanine instruments recover later from crises as the lack of debt on their balance sheets reduces the likelihood of financial distress and the necessity to react.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com